Vanguard Group Inc. Sells 54,535 Shares of Korea Electric Power Co. (NYSE:KEP)

Vanguard Group Inc. lessened its stake in Korea Electric Power Co. (NYSE:KEP) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,487,840 shares of the utilities provider’s stock after selling 54,535 shares during the period. Vanguard Group Inc. owned about 0.12% of Korea Electric Power worth $12,394,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in Korea Electric Power by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 329,161 shares of the utilities provider’s stock worth $2,742,000 after purchasing an additional 8,630 shares in the last quarter. Corient Private Wealth LLC raised its position in Korea Electric Power by 1.8% in the fourth quarter. Corient Private Wealth LLC now owns 111,679 shares of the utilities provider’s stock worth $810,000 after purchasing an additional 1,954 shares in the last quarter. Cerity Partners LLC raised its position in Korea Electric Power by 29.4% in the fourth quarter. Cerity Partners LLC now owns 62,521 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 14,222 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Korea Electric Power by 10.4% during the first quarter. Sequoia Financial Advisors LLC now owns 51,570 shares of the utilities provider’s stock worth $430,000 after buying an additional 4,842 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Korea Electric Power by 20.2% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 37,281 shares of the utilities provider’s stock worth $311,000 after buying an additional 6,268 shares in the last quarter.

Korea Electric Power Stock Performance

NYSE KEP opened at $7.23 on Wednesday. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 21.25 and a beta of 1.02. The company has a 50 day moving average of $7.18 and a 200-day moving average of $7.75. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 2.32. Korea Electric Power Co. has a 1-year low of $5.93 and a 1-year high of $9.55.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Thursday, June 13th. The utilities provider reported $0.33 earnings per share for the quarter. The company had revenue of $17.52 billion during the quarter. Korea Electric Power had a net margin of 0.64% and a return on equity of 1.50%.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.